Monday, April 10, 2023

Exxon Mobil Eyes Takeover

Trade of the Day Wake-Up Watchlist

Attention Traders: It's Monday and our Lead Trading Tactician Nate Bear is kicking off the new trading week with his morning watchlist. This week he's following a rare squeeze pattern in the SPX. He also has two trade setups for you. Click the image below to see his picks.

 

Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures were mixed on Monday as traders return from Easter break. It's expected the Federal Reserve will continue to hike rates due to Friday's jobs data highlighting a still-strong labor report. This week the focus will shift to consumer data, as well as first quarter results from big U.S. banks including JPMorgan Chase & Co, CitIgroup Inc. and Wells Fargo.

The bank crisis had everyone in a tizzy, but we focused on playing the dips in The War Room and positioned ourselves on Schwab for a 38% winner. We're already positioned on several banks and looking for more profits as earnings week approaches.

To find out how we're playing this week's bank earnings, click here to join The War Room.

 

Here's a look at the top-moving stocks this morning.

Pioneer Natural Resources (NYSE: PXD)

Pioneer Natural Resources is up 8.09% premarket after reports of a possible takeover from Exxon Mobil. According to The Wall Street Journal, Exxon had informal talks with the Irving, Texas-based shale producer about a possible acquisition, citing the group as a "top target" for the use of its recent windfall profits from last year's energy price surge.

Energy stocks were big winners in 2022, and our friend Marc Lichtenfeld has been telling readers about an alternative investment opportunity from the latest oil and gas surge. It's not a stock, and the investment could hand you monthly income over and over again… for life.

Click here to discover this rare opportunity in the energy sector.

 

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Micron (Nasdaq: MU)

Micron is up 5.89% premarket following a move by Samsung Electronics to cut near-term memory chip production and price target boost from Goldman Sachs. Samsung said Friday that it's planning a 'meaningful' reduction in semiconductor production over the coming months to deal with a glut in global chip supplies and a pullback in consumer demand.

It's crucial to understand why chip production is rising in the United States. Right now China has shown interest in potentially invading Taiwan (which produces over 90% of the most advanced semiconductors) and if they succeed with their plan, they could turn Americans into 2nd-class citizens.

Click here to learn about the No. 1 mission-critical stock that's in prime position to surge 525% due to China's attempted takeover of the chip industry.

 

Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team

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